Industry News

Gen Z gearing up to be homebuyers

Date: 21 Sep 2018
Posted by: Tom Oslund

The oldest members of Generation Z are setting their sights on home ownership nearly as often as millennials, according to a new survey.Property Shark, which provides data to real estate professionals, found in a recent survey that 83 percent of Gen Zers born between 1995 and 1999 plan to buy a home in the next five years. The survey defined Gen Z as those born from 1995 to 2010, but it...

READ MORE

More Builders’ Profits Taking a Hit from Labor Shortages

Date: 18 Sep 2018
Posted by: Tom Oslund

A recent NAHB survey found that over the last year, the average cost of builder-employed laborers increased 5.2% and the cost of subcontractor work rose 7.2%.

Comparing those numbers to 2018’s overall inflation (just 2.9%) helps explain why the pace of residential construction continues to be flat: The cost increases are not only resulting in higher home prices for buyers, but a growing...

READ MORE

A 10-Year Anniversary Highlights Need for Housing Finance Reform

Date: 11 Sep 2018
Posted by: Tom Oslund

With Fannie Mae and Freddie Mac now marking their tenth year of conservatorship, NAHB today called on Congress to make it a priority to enact comprehensive reform to the nation’s housing finance system.

“To ensure a stable housing finance system that will support the future of homeownership and affordable multifamily housing in America, Congress must fix the structural flaws inherent in...

READ MORE

Pages